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shepuryov [24]
3 years ago
12

When the price of wood (which is an input in the production of furniture) falls, the consumer surplus associated with the consum

ption of furniture?
Business
1 answer:
Novosadov [1.4K]3 years ago
8 0
The consumer surplus associated with the consumption of furniture increases. Wood is an input in the production of furniture therefore it constitutes the cost of production, the decrease in the price of wood would therefore mean a decrease in the production cost. A decrease in the cost of production in turn causes a decrease in the buying price of furniture and therefore, consumer surplus increases. 
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If your friend Raheem asks you, “What type of account should I use to save for retirement,” what would you tell him?
SSSSS [86.1K]

Answer:

Roth IRA account

Explanation:

The best type of account that you should save money in for Retirement is a Roth IRA account. This will allow you to put and save a maximum of $5,500 USD per year which will compound annually with interest and can be redeemed when you retire. Once you redeem your money at the age of 65 1/2 it will be completely tax-free. Meaning you have no liabilities with that money whatsoever and you can simply enjoy your retirement with that money.

7 0
3 years ago
When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to ________
kari74 [83]

Answer: c) economies of scale; increase

Explanation:

When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to economies of scale and increase real GDP per capita in the domestic country.

When this industry choose to break out of this limitation placed on them due to the small size of market in their country, the idea of opening trade to the world market would lead to reduction in production costs since they now have a larger market (and thus produce more). Also, the real GDP per capita in the domestic country should increase since the company in this domestic nation has expanded its production to the world market.

NOTE:

Economies of scale occur when the cost of production is now reduced because there is an increase in a company's production.

4 0
3 years ago
John has an auto which is covered for collision losses subject to a $250 deductible. Kate's auto also has collision coverage but
Andrej [43]

Answer:

Kate policy will pay 1500 dollars while Johns policy will pay  250 dollars

Explanation:

kates policy will pay 1500 dollars while johns policy will pay 250 dollars.

Since Kates deductible is 500 dollars, this deductible will be subtracted from the 2000 dollars collission loss that occurred when John borrowed her car. which gives $1500. therefore her policy will get to pay 1500 dollars. while johns policy will have to pay $250

8 0
3 years ago
The contract signed in February 2018 by Jimmy Garoppolo that we discussed at the beginning of the chapter was actually paid as a
Novay_Z [31]

Based on the interest rate given, the deal that was tossed by the quarterback will be $107.36 million.

<h3>What is an interest rate?</h3>

It should be noted that an interest rate simply means the amount that's charged by a lender. It's a percentage of the principal.

In this case, since the interest rate has been given, the kind of deal that was tossed will be:

= (3.5 + 7.6/1.11) + 18.6)1.11² + 25.2/1.11³ + 25.5)/1.11⁴ + 25.6/1.685

= 107.34 million

Learn more about interest rate on:

brainly.com/question/25793394

8 0
2 years ago
Choose the logical transition to fill in the blank. the store was out of the brand that i​ wanted;​ _____, they offered to send
hoa [83]
The logical transition would be something on the lines of 'so instead' or 'therefore'
8 0
3 years ago
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